As last reported, the long-term care (LTC) merger & acquisition (M&A) market had a record year in 2011 in terms of transaction volume, reporting approximately 74 percent more transactions than the annual average for the previous three years. Although 2011 was a tough year to follow for LTC M&A, the first quarter of 2012 started strong, matching the same period in 2011 with 39 reported transactions.
Federal health care reform continues to spur consolidation and integration among hospitals in the U.S. One example is the acquisition of 36-bed Cumberland River Hospital in Celina, Tennessee, by 247-bed Cookeville Regional Medical Center in Cookeville, Tennessee